Technical Indicators for MetaTrader 4

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MetaTrader 4

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SPV Corr

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Information

Indicators
MetaTrader 4
Yvan Musatov
1.0
5

Overview

The SPV Corr indicator displays the average percentage correlation between the bar's body and its shadows. A very effective system for building various filters and market entry confirmations. It fixes cyclicality and can be used in trading in different ways. You can see the ups and downs of the indicator alternate and have such a relationship with the market, which can be used to draw conclusions to predict price behavior. Also, indicators can be combined with each other. The value of the indicator lies in the fact that it does not redraw in any way and is as reliable as possible for work.

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